Elementary Principles of Economics Together With a Short Sketch of Economic Hi
Elementary Principles of Economics Together With a Short Sketch of Economic Hi
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We may illustrate by an example the operation of these principles. The following table shows in parallel columns the number of sales of a monopolized good at different prices : the total resultant earnings ; the variable expenses ; the fixed expenses ; the total expenses ; and finally the net revenue or monopoly profit : PRICE PER UNIT NUMBER SALES TOTAL EARNINGS VARIABLE EXPENSES PER UNIT TOTAL VARIABLE EXPENSES FIXED EXPENSES TOTAL EXPENSES NET REVENUE $. 10 600, 000 $60, 000 $. 03 $18, 000 $...50, 000 , $68, 00p -$8, 000 . 09 800, 000 72, 000 . 03 24, 000 50, 000 74, 000 - 2, 000 . 08 1, 200, 000 96, 000 . 03 36, 000 50, 000 86, 000 +10, 000 . 07 1, 800, 000 126, 000 . 03 54, 000 50, 000 104, 000 +22, 000 . 06 2, 500, 000 150, 000 . 03 75, 000 50, 000 125, 000 +25, 000 . 05 3, 500, 000 175, 000 . 03 105, 000 50, 000 155, 000 +20, 000 . 04 5, 000, 000 200, 000 . 03 150, 000 50, 000 200, 000 + 0, 000 t Study of the table will show why, in the case assumed here, the monopoly price will stand at six cents.
What to read after Elementary Principles of Economics Together With a Short Sketch of Economic Hi?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard Theodore, 1854-1943 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We may illustrate by an example the operation of these principles. The following table shows in parallel columns the number of sales of a monopolized good at different prices : the total resultant earnings ; the variable expenses ; the fixed expenses ; the total expenses ; and finally the net revenue or monopoly profit : PRICE PER UNIT NUMBER SALES TOTAL EARNINGS VARIABLE EXPENSES PER UNIT TOTAL VARIABLE EXPENSES FIXED EXPENSES TOTAL EXPENSES NET REVENUE $. 10 600, 000 $60, 000 $. 03 $18, 000 $...50, 000 , $68, 00p -$8, 000 . 09 800, 000 72, 000 . 03 24, 000 50, 000 74, 000 - 2, 000 . 08 1, 200, 000 96, 000 . 03 36, 000 50, 000 86, 000 +10, 000 . 07 1, 800, 000 126, 000 . 03 54, 000 50, 000 104, 000 +22, 000 . 06 2, 500, 000 150, 000 . 03 75, 000 50, 000 125, 000 +25, 000 . 05 3, 500, 000 175, 000 . 03 105, 000 50, 000 155, 000 +20, 000 . 04 5, 000, 000 200, 000 . 03 150, 000 50, 000 200, 000 + 0, 000 t Study of the table will show why, in the case assumed here, the monopoly price will stand at six cents.
What to read after Elementary Principles of Economics Together With a Short Sketch of Economic Hi?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard Theodore, 1854-1943 to read onlineMoreLess
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